Property

High times for Belconnen with approval of Republic development

The Republic will be the largest mixed use development in the ACT. Images: Supplied.

Construction of Canberra’s largest mixed use precinct, including the city’s tallest building, will start immediately after the approval of Geocon’s $1 billion Republic development in Belconnen.

Geocon Managing Director Nick Georgalis said the Republic – at Section 200, on the corner of Cameron Avenue, Eastern Valley Way and Emu Bank – would be the largest mixed use development in the ACT, include a 113-metre high tower, and be delivered in three stages.

He said it would contain 1213 residential apartments, an Abode hotel, a retail centre including a supermarket, and more than 500 public car spaces in addition to parking for residents.

Stage One (Republic and Dusk) was 70 per cent sold and expressions of interest for Stage Two would be invited in April.

“The 113-metre tower will look completely different to anything else in Canberra with a 100 per cent glazed facade. The amenities are spectacular and the views will be breathtaking,” he said.

There will also be a wellness centre with lap pool, spa, sauna, snow fountain, yoga and meditation; concierge service and a children’s wonderland with a library and recreational activities, and a landscaped sky park.

“We’re delighted that the ACT Government shares our vision on this project, and of the scope for exciting well-planned development in town centres,” Mr Georgalis said.

“No one can accuse Canberra of being boring or stuck in the past with this type of project going ahead.

“The national capital has changed today with this vision set to become a reality, and its a taste of things to come.”

This government is really destroying our beautiful Canberra, overpopulation is the real global problem why do we need it here? I wonder how much these politicians are being paid by property developers.

Let's keep putting people in places that will accumulate less wealth at the cost of future generations. Semi detached housing increasing 50k every year but increase in apartment value is 5k. Let's keep putting people in positions to not own a home in the umbrella of sustainability BS.

Omg there are so many apartments already in Belconnen that can’t rent for decent rent, so many landlords that have taken a huge rental hit over the past decade as there are just too many units. Where the hell are another 1000 odd people going to come from that want to live in a unit in Belconnen. Belconnen is ruined and the ACT government should be ashamed continually approving more and more units.

Simon Krix oh I'm sure they are not going to have an issue the first couple of years it's there. It will be the new apartment everyone wants.... For a couple of years till the next one goes up, they the owners may find people don't want to pay as much for last year's apartment

The Labor Club has already started construction on a new building adjacent their current clubhouse. It is mainly a parking structure for their club and patrons but also has a gym and a hotel built into the structure. I thought I had saved a copy of the DA but had not, so if you google “Belconnen Labour Club Redevelopment” you will find a Canberra Times article with details and renders.